Triasima Portfolio Management inc. Invests $2.47 Million in Cameco Co. (NYSE:CCJ)

Triasima Portfolio Management inc. purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 48,150 shares of the basic materials company’s stock, valued at approximately $2,474,000.

A number of other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. Bridgewater Associates LP grew its holdings in Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after buying an additional 410,711 shares in the last quarter. Progeny 3 Inc. grew its holdings in shares of Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after purchasing an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after purchasing an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Cameco by 44.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after buying an additional 664,828 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 3.3 %

Shares of CCJ opened at $48.68 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The stock has a 50 day simple moving average of $53.25 and a two-hundred day simple moving average of $49.35. The firm has a market cap of $21.19 billion, a P/E ratio of 256.24 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter last year, the company posted $0.24 EPS. Cameco’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, analysts forecast that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.